The ongoing Houthi attacks in the Red Sea and neighboring Gulf of Aden have cost the Suez Canal a pretty penny. The Suez Canal Authority (SCA) saw revenue dip more than $2 billion in the 2023-2024 ...

Suez Canal Authority Chairman Osama Rabie said on Wednesday that the Red Sea crisis did not create a sustainable route to replace the canal, adding that there were positive indicators for the ...

Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue this year, the country’s presidency said in a statement Thursday.

Issues in the Red Sea and the Panama Canal are going to cause issues for consumers in the U.S. during the spring and summer shopping cycle, experts warned.

Royal Caribbean confirms that it is currently reviewing alternative routes for its nine-month-long Ultimate World Cruise due to ongoing unrest in the Red Sea and Suez Canal.

Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take that into account when ...

Revenue registered by the Suez Canal for fiscal year 2023/24 fell by more than $2 billion, as attacks on commercial vessels in the Red Sea by Iran-backed Houthi rebels in Yemen continue to disrupt ...

The Suez Canal’s revenue has fallen by up to 50% this year due to attacks by Yemen’s Houthi rebels, Egyptian President Abdel Fattah al-Sisi said on Monday, the latest indication that the turmoil in ...

Over 7,000 miles away, vessels that move containers through Egypt’s Suez Canal are waiting for naval escorts or avoiding the passage altogether to take a much longer voyage around South Africa.

Egypt’s Suez Canal revenue plunged by almost half in January, a top official said, after attacks by Yemeni militants on Red Sea vessels forced major shipping firms to avoid the waterway.. Income ...

The Suez Canal is a key source of foreign currency for Egypt, and authorities have been trying to boost its revenues in recent years, including via an expansion in 2015.